Sunday, June 14, 2009

ECONOMY: Summit in Detroit











My wife is the wife of a capitalist, me - but has a socialist streak that manifests itself often. She understands why we need capitalism but she thinks that capitalism neglects the common man who is so dependent on the U.S. capitalist system for his economic survival.

This weekend there is an ECONOMIC SUMMIT in Detroit where hundreds of CEOs from some of the biggest firms, together with other business big wigs are coming together to discuss and lecture on the U.S. economy and what must be done to improve it.

My wife is involved in the protest that is planned to bring attention during the Economic Summit, to the working man that is being ignored and trampled on. The protest will include a “tent city” where the unemployed, the laid off, the foreclosed on and many others directly affected by our current economic conditions, will gather to make their voices heard.

My wife will run the kitchen to feed all these protestors so I won’t see her for about three (3) days. I was amazed at the food she amassed from donations by various merchants and impressed in how she has planned to run a “field” kitchen so to speak that will feed “masses” of people.

I have been reading some of the socialist / communist drivel that is coming from the protest organizers and I am happy to see that my wife is not buying into that nonsense BUT she has raised some valid points about how our government is handling our current economic crisis.

The standard socialist program screams for the workers to take charge and run everything for the good of society (workers) and not for profit (dirty word). Obviously this has been tried and has failed miserably mainly because the workers can’t run shit and without a profit motive, there is no incentive to succeed at anything so goes the phrase from the Communist era – “you pretend to pay us and we will pretend to work”.

I keep reading and hearing from the protestors that job creation is paramount and right now all they are seeing is job destruction. OK, you can say that but how about some ideas as to how to create jobs? Oh, I see, it’s up to the capitalists to come up with new jobs as if it’s their duty while the workers scream at them for causing all this turmoil in their lives – interesting?

Here in Michigan, the writing on the wall has been visible for many years but everything was going so well, no one had the balls to do what was necessary; not management, not the unions, so now we all pay the price.

I am asked if I blame the workers but I have to say that it was a team effort that killed the goose that laid the golden egg and yes, I know many workers are suffering right now so I will be following this Economic Summit to see what ideas emerge from it.



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